About your Search

20130114
20130114
STATION
MSNBCW 9
CNBC 5
CNNW 4
FBC 4
CSPAN 3
KGO (ABC) 2
KNTV (NBC) 2
KPIX (CBS) 2
KQED (PBS) 2
KTVU (FOX) 2
KCSM (PBS) 1
KOFY 1
KQEH (PBS) 1
KRON (MyNetworkTV) 1
LANGUAGE
English 45
Search Results 0 to 44 of about 45 (some duplicates have been removed)
the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already authorized. and, you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorityies, that e would risk the full faith and credit of the united states, that, i think, is not what the founders intended. that's not how, i think, most americans think our democracy should work. they've got a point of view. democrats in congress have a point of view. they need to sit down and work out a compromise. [ inaudible ] yeah. >> and you're not negotiating on the debt ceiling. >> yeah. >> so if you're not negotiating an
raising the debt ceiling to make sure that those bills are paid. while congress can do is tell me to spend x and then say, but we are not going to give you the authority to go ahead and pay the bills. i just want to repeat, because i think sometimes the american people understandably are not following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a that deep nation. the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. i understand the impulse to try to get around this in a simple way. there is one way to get around this. it is for congress to authorize me to pay for those items of spending that they have already authorized. the notion that republicans would suggest that in order for us to get our way on our spending priorities, that we would risk the full faith and credit of the united states, that's, i think, is not what the founders intended but that is not how our democracy should work. they need to sit down and work out a
these bills. separately, they also have to authorize the raising of the debt ceiling to make sure those bills are paid. so what congress can't do is, tell me to spend "x" and then say, but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat, because i think sometimes the american people understandably aren't following all of the debates here in washington, raising the debt ceiling does not authorize us to spends more. all it does is say, that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement would be disastrous. so, i understand the impulse to try to get around this in a simple way. but there's one way to get around this and that is for congress to authorize me to pay for those items of spending that they have already authorized. and you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorities, that we would risk the full faith and credit of the
about not having the bills. you can see there, the debt ceiling is at 16.4 trillion and we've breached it. so that's the problem. we do actually have to do this. if we do default on payments, it won't be because the u.s. can't pay it. people are actually sympathetic about that sort of thing. look at europe. the issue is that we won't pay it, even though we can't. the idea of holding payments for things that have already been incurred as hostage will have an impact on the interest rates that the united states pays to borrow money. and we borrow a lot of money. when the ten-year bond rate goes up, it affects other loans that americans take. this could be very economically detrimental, right at a time when the u.s. is starting to make some economic strides. the president's position is right, but history isn't on his side and republicans aren't on his side. >> let me bring john and gloria back to this conversation. john, the democratic leadership in the senate, harry reid, jim clyburn, he just invoked the 14th amendment, forget about congress, and raise the nation's debt ceiling. >> the pr
republicans on the debt ceiling. the debt ceiling senate wants a bill giving him a clean increase in the nation's borrowing limit. republicans want spending cuts and probably entitlement reform in exchange for granting that. he had the upper hand politically in part because he defined the terrain in this rhetorically and you think he wants to continue that. jon: second terms generally have not been kind to incumbent presidents. george w. bush tried to reform social security. got shot down. there were problems with the federal response to hurricane katrina there was the iraq war. you also had, you know, bill clinton everybody remembers, what happened in his second term. what are the potential problems that lie ahead for this president? >> well, i think any president who wins a second term clearly wants to fet -- get a lot accomplished. they feel freed up to do the things they hope they wanted to do, they figure voters endorsed them and endorsed everything they said they were going to do. that is actually not the case. a lot of times voters decided they like the incumbent than the o
of the debt ceiling to make sure the bills are paid. so what congress cannot do is tell me to spend x then save but we will not give you the authority to pay the bills. i just want to repeat, because i think sometimes the american people understandably are not following all of the debate here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a dead beat nation. the consequences of us not paying our bills, as i outlined in the opening statement, would be disastrous. i understand the impulse to get around this in a simple way. but there is one way to get around this, and that is for congress to authorize me to pay for the items of spending they have already authorized. the notion that republicans in the house or maybe republicans in the senate would suggest that for in order -- that for an order for us to get our way on spending priorities, that we would risk the full faith and credit of the united states, that i think is not what the founders intended. it is not how most americans think the democr
of authorizing more spending. the issue here is whether or not america pays its bills. raising the debt ceiling does not authorize us to spend more. because this is about paying your bills. >> i do hope speaker boehner was listening. joining us in the studio is jonathan capehart from "the washington post" and in los angeles democratic strategist and nyu professor bob shrum. welcome to you both. professor shrum, we reached the debt ceiling two weeks ago today. the treasury department is giving us a few weeks of maneuvering room before we begin to default. and yet you have people like the heritage foundation saying today, default is not at issue. how many conservatives truly believe their tactics pose no risk whatsoever to the economy, particularly given what happened the last time they took the debt ceiling hostage? >> look, what heritage put out today is drivel. a transparent attempt -- >> drivel, this is the considered view of an important organization. >> yeah, whose president is jim demint. i don't take it all that seriously. >> okay. >> what they're saying is, well, the government could pay
borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starti
to allow more borrowing authority up against the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on ass
to go ahead and pay these bills. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid, and so what congress can't do is tell me to spend x and then say, but we're not going to give you the authority to go ahead and pay the bills. i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. the consequences of us not paying our bills as i outlined in my openings statement would be disastrous. so i understand the impulse to try to get around this in a simple way. there's one way to get around this. there's one way to deal with it, and that is for congress to authorize me to pay for those items of spending that they have already authorized. and the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorities that w
the trajectory of this debt. will vote on a bill that will increase the debt ceiling to probably $17.5 trillion. there is likely to be little spending cuts and little tax increases. which bans all we've done is put off the day of reckoning. host: is there time for that bill to pass? guest: i am a senior staff -- they know what is going on. members -- we had 102 new members in the house in 2010. we have another 84 in the 2012 elections. that means almost half of the united states house is new to this problem. there has to be a lot of educating going on before there is a sense of what needs to be done. they will not like what they need to do. will there be a grand bargain and cutting spending or will they not? we have been working on this for three years now. i feel they will punt and disregard we're spending so much on entitlements. host: we are speaking with steve bell from the bipartisan policy center. he worked under pete domenici and staff director for the budget center when pete domenici was chair of that committee. justin from california, good morning. caller: good morning. i heard that we
and pay these bills. separately, they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. and so, what congress can't do is tell me to spend "x" and then say, but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington -- raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills, and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so, i understand the impulse to try to get around this in a simple way but there is one way to get around this. there's one way to deal with it and that is for congress to authorize me to pay for those items of spending that they have already authorized. and you know, the notion that republicans in the house or maybe some felons the senate would suggest that in order for us to get our way o
issue is what the congress agrees to spend. all the debt ceiling is paying our bills. the cow is out of barn. let's allow us to let any business would do which is pay your bills. >> neil: why is wall street not worried about this. all your worries were trumpeted, why is the street not worried? >> i think we have learned to live in this environment. the reality is we have accepted what appears to be kick the can down the street politics. >> neil: what would you and your fellow ceos do and have a credible debt fix, you probably would have a heart attack, but what would you do? >> it would allow us to feel more secure where we're going. we need to know the rules of the game. that is what we're asking for. i think we as citizens and not business people first. the reality is we know the problems, debt and immigration and reality as a nation when we compete against nation states, how are we going to compete if we can't solve these problems? the issue is not the debt ceiling. the issue is the fundamental core problems of the country and the inability of our congressional leaders and our pol
this -- the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it aallows the -- it allows the country to pay for spending that congress has already attended to. these are bills that we need to pay. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with congress about whether or not they should pay the bills they've already racked up. if congress am republicans refuse to pay america's bills on time, social security and veterans benefits will be delayed. we might not be able to pay our troops, small business owners, food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is, in fact, a safe bet. markets could go haywire, interest rates would spike for everybody who borrows money, every homeowner, every student with a college loan. it would be a self-inflicted wound on the economy. it would slow down our growth
that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the american people do. now, if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's a debate that we should have. but you don't say in order for me to control my appetites, i'm going to not pay the people who already provided me services. it's not meeting your obligations. you can't do that. that's not a credible way to run this government. we've got to stop lurching from crisis to crisis to crisis when there's this clear path ahead of us that simply requires some discipline, some responsibility, and some compromise. that's where we need to go. that's how this needs to work. major garrett. >> thank you, mr. president. as you well know, s
-- guest: of course we have to pay our bills. remember, the debt ceiling is only there to enable us to pay bills we have already run up. we bought the house and now. we have to pay the now we bought the car and now have to pay the note. these are bills already owed to people. this is not new spending. it does not allow new spending. it says the u.s. will make good on the debt that it has. part of that as sovereign debt. the issuance of treasury bills and bonds and notes. but a lot of it is also payments to people who work for the government, american citizens. are they going to get paid for work they are doing? host: let's go to jay are from maryland on our independent line. -- to j.r. caller: hello. i was wondering if social security and medicare and medicaid will be cut after march 1. will we still get our checks? guest: you will. it will be messy and frightening and will be done in the worst possible way as far as keeping people on the edge of their seats. we will raise the debt ceiling one way or another. what i'm worried about is doing it three months at a time. insuring that the mark
is warning that a political deadlock over the nation's debt ceiling could damage the u.s. economy and beyond. it's estimated without the deal the government could run out of money to pail its bills as early as mid-february. the president said the idea of refusing to raise the debt ceiling is irresponsible and absurd. >> republicans in congress have two choices here. they can act responsibly and pay america's bills are act irresponsibly and put america through another economic crisis. but they will not collect a ransom for not crashing the american economy. >> shep: they say they won't support raising the debt limit and there a battle line. the debt ceiling is the maximum amount of money that the united states can borrow. the law requires congress to control and authorize any money needed to pay for federal programs. debt ceiling was introduced way back in world war one. it was meant to give the treasury department more spending at that time. wendall goler, the president seemed that he was willing to call the republicans' bluff on this thing. >> he won't collect ransom for not collecting it o
the bills we have already incured. he raised the debt ceiling on how to depend on the ongoing financial assistance from the foreign country to finance the reckless, fiscal pollty. the point of raising the debt ceiling is to allow to us borrow. he talked about the debt ceiling a dozen times. not once did he use the word "borrow." that means we are going to continue to borrow for every dollar the government spend, only 60 cents of it come from taxes. the rest, 40% is borrowed mup. the reason that the republicans are objecting, we have to start to reduce the 40 cents. if you think about that. you are destroying the credit of the united states of america. >> surprising how much of the news conference dealt with this issue. it was pointed questions. there were only seven of them total. press corps that was hitting op this numerous times. your thoughts of the overall tone here? >> the tone was petulant. acting annoyed that people were asking him questions and they were doing the followup questions they don't normally do. that was good. they were pressing him on things. he is being asked about
the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. >> reporter: without a deal, the government could run out of money to pay its bills by late february or early march. but republican leaders are demanding significant spending cuts in exchange for any agreement to raise the debt ceiling. in a statement, senate minority leader mitch mcconnell says the debted limit is the time to get on reducing spending. gun control is also an issue. >> responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, uhm, they don't have anything to worry about. >> reporter: the national rifle association has already made clear, it has enough support in congress to block legislation that restricts gun ownership. >> i would say that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> reporter: moderate lawmakers say there is a better chance of passing laws that limit the number of bullets in amm
on the revenue part of this bill what they were going to do is use the debt ceiling along with the sequester funds to try to reach a compromise where there's more spending. where there's more cuts in spending is what i'm trying to say. so what i thought today was a shot across the bow, i was very surprised the republicans didn't hold another conference to immediately repudiate it, but this is what we're going to see for the next 7 or 8 weeks, and you can only fool the public some of the time. i think we're all agreeing there's going to be spending cuts. the debt ceiling is going to be made. america is not at the end of the day going to --. on the other hand, they are not going to solve this quickly. they will make us go through the same thing they did at the end of 2012. david: we're always hearing that the president is not going to make a deal until he does make a deal and the same is true with congress but something is going to get done. let's focus on stocks for a second. we had this two very interesting bits of news from the tech market. apple waking up to news today that they are not se
on republicans, if people start to stop receiving checks, if we default on the debt ceiling or if it is not raised by republicans, he said if congressional republicans refuse to pay the bills on time, social security checks and veterans benefits delayed and trying to put this now in the hands of americans that they can add to the pressure on the republicans in congress. >> all right. nbc's peter alexander, thanks. let's bring it back to the table and spin on it, now. s.e. the president incorrect there. some people go to dinner and not pay. >> i'm thankful he broke it down. i didn't understand at all. >> supposed to drop the credit card or the cash at the end. >> now it makes sense. >> pay for what you buy. pay as you go basically in this capitalist economy. but it really -- i was hoping the president to drop the trillion dollar coin and give him some leverage, some power and kind of cool to see that happen. >> yes, and sounds very serious. >> sounds very serious and it's nice theatrics to it and disappointed once again paying politics with the economy and right refusing to w
geithner, fudges numbers around, pay the bills until congress signs the increase in debt ceiling. >> a repeat of the fiscal cliff? >> that's what politics is in dc. this is all games, all threats, all the clock is ticking down. makes you worry if the country's going to default. >> eric, here's the thing -- >> at the end of the day, sorry -- >> yeah. at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt ceiling. >> the president loathes to cut spending of any kind. he wants more spending, in fact, and under no circumstances will he touch medicare, medicaid, social security. agree with that? >> surprised if he touchedded them if there's no real substantive cuts. the onl
. separately, they also have to authorize a raising of the debt ceiling in order to make sure those bills are paid. and so what congress can't do is tell me to spend x and then say, but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills, as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it and that's for congress to authorize me to pay for those items of spending that they have already authorized. and, you know, the notion that republicans in the house or maybe some republicans in the senate would suggest that in order for us to get our way on our spending priorities that we would risk the
the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then say but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. there's one way to deal with it and that is for congress to authorize me to pay for that items of spending that they have already authorized. and, you know, the notion that republicans in the house, or maybe some republicans in the senate, would suggest that in order for us to get our way on our spending priorities, that we would risk the full faith and credit of the united s
said he wants to make it clear that raising the debt ceiling will not raise -- he warned that if congressional republicans fail to approve legislation to pay america's bills on time, everything from social security checks to veterans benefits could be delayed. >> last time they flirted with this delay our aaa credit rating was downgraded. our business have created the fewest jobs of any month in the past three years. and ironically the whole fiasco actually haded to the deaf -- actually added to the deficit. >> reporter: president obama is reviewing a list of proposals from joe biden about how to reduce gun violence. the two met earlier today to go over the vice president's recommendations over how to tighten tougher gun laws. among the proposals under consideration are a ban on assault weapons and high capacity ammunition clips. here in the bay area gun buy back is scheduled for tomorrow in marin city. the event offers gun owners $200 to turn in their semi automat weapons. and $100 for other guns. the guns can be brought to police stations in novato, san rafael, and poin
bills, is irresponsible. it's absurd. >> well, the president hass got to get past the debt ceiling in order to achieve his second term agenda but how does he do it when some republicans are threatening shutdown. chuck todd and howard fineman. chuck, you know, i get the sense i was listening to the late general schwarzkopf, the man shaping the battlefield. he's basically saying if this government gets shut down and we're not paying our bills, it's a decision by the republican-led house of representatives. he wants the story played that way. will the press or can it objectively say that if the government shuts down it's the republicans, simply their doing? >> when it comes to debt creeling if we -- there's two separate questions here. one -- and there's two separate ideas of is there something to negotiate. one is debt ceiling and what the president is saying there's no discussion on that. on the government shutdown, there seems to be a different tone from the president. i'll get to that in a minute but on debt ceiling, you're absolutely right. when you take that sentence, what he wa
on the debt ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" we see a man more interesting
on hamas and iran. >>> with the ongoing standoff over the debt ceiling, the congressional budget office says the u.s. will only be able to pay bills until mid-february. measures may include invoking the 14th amendment which would theoretically allow the president to raise the borrowing limit without congressional approval. something the white house says it will not do and something the president believes he doesn't have the power to do. >>> yesterday paul krugman accused lawmakers of holding the country hostage. >> the debt ceiling is a fundamentally stupid but dangerous thing. we have congress that tells the president how much he must spend. tells him how much he's allowed to collect in taxes. he says there's a difference there. i have to borrow it. no, you can't borrow that. the whole debt ceiling thing itself is a crazy thing. it forces the president to do something illegal, either to defy congress on what it told him to spend or defy congress and borrow when it told him not to. >> krugman was one of the leading proponents of the trillion dollar coin idea which involved minting a pla
that the debt ceiling is not a license to spend more. it is about paying bills that congress has already agreed to. he likened it to stiffing the waiter at a nice restaurant after gorging on a meal. >> you don't go out to dinner, and then, you know, eat all you want, and then leave without paying the check. and if you do, you're breaking the law. >> u.s. hit the debt ceiling on december 31st. the treasury is using so-called extraordinary measures to put off any default on its obligations, probably until about the middle of february. by then, congress must raise the debt ceiling, otherwise the government can't pay all its bills. some congressional republicans apparently seriously considering risking a default on the ability of the u.s. to pay its loans or even a government shutdown in order to force the president and democrats to agree to spending cuts. but president obama said today that republicans will not collect any ransom in exchange for a deal that puts the u.s. government on a crash diet. we are not a deadbeat nation, he said, strong words from the president that are sure to provoke, alr
and republicans over the debt ceiling led the nation to the bryning of national default. standard and poors even lowered its rating on u.s. government bonds. today, president obama said any repeat performance would be, quote, irresponsible. >> if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people. >> brown: at the same time, the president rejected urgings by some democrats that he raised the debt ceiling on his own authority. republicans were quick to answer the chief executive's criticism. senate minority leader mitch mcconnell said in a statement the president and his allies need to get serious about spending and the debt limit debate is the perfect time for it. and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most o
, spoke on the necessity of raising the debt ceiling, that the u.s. has to pay the bills it's racked up or markets could go haywire causing a self-inflicted wound to the economy. is he exaggerating? what's the take on the remarks in reaction how the debt ceiling sorts itself out? >> i don't think he's exaggerating at all. we have these debates every year right now, and we have the better part of the last 20 years, but it seems like when it comes to the wire, we always find a way to raise the debt ceiling, get washington back to work again, and that is our expectation. the difficulty is that the uncertainty in washington is freezing the treasury mark and investors. >> okay. back to ben bernanke, commenting this afternoon, if he reassures wall street he plans to continue the bond buying for as long as it needs to happen to get unemployment back, to get the economy growing. do you think that will keep rates depressed or signals, yeah, you know, we don't need to continue with this as long as we had initially planned to. do you expect a sharp, a rise in rates in take it from there. curious t
said he will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of pennsylvania. >> our opportunity here is on the debt ceiling. the president's made it very clear; he doesn't even want to have a discussion about it, because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece, because that's the road we're on right now. we only can solve this problem by getting spending under control and restructuring the entitlement programs. there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ce
. this time of course it' over the debt ceiling. and it's going to be big, because it really reflects two different visions of what the debt ceiling is all about. for the president, you heard today, it's about paying your bill. going to a restaurant. picking up the tab for food you've already eaten. fine. >> very common sense, yes. >> very common sense. for republicans, it's about solving a problem. making a government that is too big, smaller and getting control of runaway spending on entitlements like social security and medicare and fixing a long-term problem. it's not just about paying the bills. it's about the future. >> right, but there are also a lot of political calculations in here. i assume they're very close to the political calculations we saw in the last crisis. >> yes, they are, although, you know, in the last crisis it was very clear that the president had the let me rverage. he had just won the election. he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about
the debt ceiling about to get a bit more dismal. the white house has no plan b in the debt fight, challenging republicans to allow them to bore row more money or allow the country to default on its loans. 16 trillion in debt. getting higher by the clock. senator mike lee has a vote on this from utah. thank you for coming here. no backup plan according to the white house. in addition the treasury department says there is no plan b. what do you think about that? >> well, that's a problem. too often in washington we're faced between kind of a false choice. we're presented with a choice that says, okay, you either take no cuts at all and raise the debt limit, or you raise the debt limit with the promise of kits that may never transpire and that kind of cut simply won't cut it anymore. hard-working americans deserve better than this and all the programs they rely on are placed in jeopardy by reflexively raising the debt limit without putting in place permanent structural reform. bill: what do you think will happen? sometime about mid-february we start to see you guess something develo
last month. >>> the debt ceiling dispute is heating up. the white house says congress can pay its bills or it can fail to act and put the nation into default. some reports suggest the government could run out of cash to pay all its bills as early as mid february. >> thanks for that. there's plenty to keep you entertained on our website. singapore is trying to cool a property market and find out if the city stands a chance. goldman sachs says it may delay tax et in the uk. >>> and after much confusion now in the last year, it remains amsterdam, at least, can enjoy watching the television. >>> comments between surrounding alarms. although i think it's been overplayed. we'll talk to that when we come back. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 20
there is fundamental disagreement about what it would mean not to just have a clean raising of the debt ceiling. so, in other words, if i heard the congresswoman correctly, i think she was reflecting a sense among some people that you could shut down the government, stop paying some bills, pay other bills, pay interest on the debt, for instance, and we could kind of get through it that way. i think a lot of -- a lot of other republicans, a lot of conservatives, and almost all democrats think you can't do that. you can't fool around with this. you've got to do this clean. and i suspect boehner may feel that way and part of what might be happening here is a real factual argument about what will happen, you know, if we play this game, if we -- to use a metaphor the democrats like, if we shoot this hostage or at least wound the hostage. to some degree they're going to have to agree on the basic facts and what kind of game they're playing here. >> is that part of the complication here? is it really that, ed, we don't even have a ground rules yet. >> we don't. and i think that's what part of this meeting
to take a listen to the president's spokesperson this week on the debt ceiling, get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >> well, it's an interesting question. how does he not negotiate with congress, if congress won't raise it, if it the president doesn't do something like cut spending? so it's kind of an awkward sort of situation. and i think the troubling aspect for the markets, you basically have two immovable objects here. republicans who say we won't raise the debt ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and i'm not going to negotiate on the debt ceiling. i think if past is prologue, i don't think the markets or the private sector for that matter is going to pay attention to this until the last minute, the first few weeks of february. >> do you think we'll see spending cuts, and by the way, do you think we'll see even higher taxes, greg
and the theretos from the fiscal debate, the u.s. economy is not out of the woods yet. raising the debt ceiling, he said, gives the opportunity to spend now. like a family trying to raise its credit rating not deciding to pay bills. we think we're getting some effect in lowering interest rates but it's still early yet to tell. we have found qe to be an effective tool. we will continue to assess how effective. just before you came to me he was asked one of the criticisms. aren't the fed quantitative policies overspending by congress. the chairman saying it's not the fed's job to play games and make congress do what it should be doing on its own. >> he keeps saying this in so many words. you'd think people would get it at this point. thank you so much. >> you would think, yeah. >> steve leisman. president obama telling republicans to move quickly on the debt ceiling. jon harwood on the president's main theme at his news conference today. >> his main theme was to draw a brighter line with republicans in that fight over the debt ceiling. republicans saying we want dollar for dollar spending cuts. the p
. in the previous debt ceiling debates, the fed worked together to come up with a payment plan with the fed to prioritize how to use the money that the government had on hand. but i talked to several former fed officials about those prior debt ceiling showdowns. they tell me the fed internally resolved not to fund the treasury if it ran out of money. so that's another idea out the window. and guys, what's interesting here, is that even if we hit the debt ceiling, the government, as long as there's appropriations, will continue to gather up bills. and there are all kinds of legal statutes about if the government doesn't make a payment, and interest on those bills, and everything so that doesn't solve it. only when the appropriations run out and there's a second kind of debt ceiling showdown moment, which is the end of march when the continuing resolution runs out, and that's when they'll shut the government down and the government will stop incurring costs. so as long as there's appropriations, the government will continue to spend, and only shutting down the government stops the spending, a
. >> he voted against raising the debt ceiling, you are right. but the point is that this money is money that congress passed and appropriated. the congress has to vote on the money. they vote on it. pay your bill. >> if you can't vote on a budget, how can you do that? >> bob: every dime was passed by the congress. >> andrea: first, democratically controlled. >> bob: for two years. >> andrea: he can't say i have no responsibility here. >> it's not realistic. >> the issue, he stood in front of the american people and said i'll do this. elected congress hands and let president obama, czar, king obama decide what to do for the whole country. by the way, for the kids, too. today is a snapshot in time and say we need to pay the bills. yes. but we don't need to run it up in the next 10 the 15 years. >> bob: it's much more dangerous to leave fair trade of the credit of the united states government in gutter if we don't raise the debt ceiling. he can, under a lot of legal con industry tutionm lawyers who believe that there is a way for him to do this without -- >> dana: imagine if president bush
two years ago. i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that are ready been racked up. we need to pay them. i am willing to compromise and find a common ground on how to reduce our deficit america cannot avoid another debate with this progress about whether or not they should pay the bills that they have already racked up. if congressional republicans refused to pay america's bills on time, so security checks and veterans' benefits will be delayed. we may not be able to pay our troops or on our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down those of nuclear materials would not get their paychecks. the rest of the world would ask if the united states of america is in fact a stay at bat. market to go haywire and as rates could spike for anyone. it would be a self- inflicted wound on the economy. that would slow
debate. first, on the rising debt ceiling, the president took direct aim at republicans accusing them of using the nation's credit rating as a, quote, bargaining chip. >> the republicans in congress had two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect our ransom in exchange for not crashing the american economy. the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> and the debate over guns, one month after 26 children and adults were killed in newtown, and with the nra saying assault weapon ban would not pass congress, the president urged house members to, quote, examine their own conscience. >> the belief that we have to have stronger background checks, that we can do a much better job in terms of keeping these magazine clips with high capacity out of the hands of folks who shouldn't have them, an assault weapons ban that's meaningful, that those are things i continue to believe make sense. will all of them get through this con
Search Results 0 to 44 of about 45 (some duplicates have been removed)